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$185,000

Beds
7
Baths
2.0
sq ft
1,964

523 Cresline St, Houston, TX 77076

523 Cresline St

Houston, TX 77076

  • 64 days on market
    • Price drop $15,000↓
Welcome! CURRENTLY TENANT OCCUPIED and being rented as a Co-Living home. It is a fantastic turn-key investment opportunity in a prime location. This property boasts 7 bedrooms and 2 bathrooms, perfect for a co-living / multi gen family / group home / assisted living / senior care / or other arrangements for amazing rental income. With some TLC and a little bit of elbow grease, this fixer-upper has incredible potential for a savvy investor. The tenant-occupied home is a landlord's dream, offering massive cashflow and value-add opportunities. Under new management and ready to make you mint. Don't miss out on this chance to turn this diamond in the rough into a shining gem.

Details

Property type

Single Family Residence

Est. home value

$248,086

Lot size

7,309 sq ft

Price per sq ft

$95

Year built

1950

Annual property taxes

$5,382

Price History

11/12/2024
Houston

Houston #7606512

Price change
$185,000
09/11/2024
Houston

Houston #39923232

Removed
09/11/2024
Houston

Houston #7606512

Listed
$200,000
-16.67%

Schools & Community

Neighborhood: 

Northside-Northline

Elementary school: 

DE CHAUMES ELEMENTARY SCHOOL

Middle school: 

FONVILLE MIDDLE SCHOOL

High school: 

SAM HOUSTON MATH SCIENCE AND TECHNOLOGY CENTER

School district: 

Houston

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Fieldstone Mortgage Co

Loan start date

October 2005

Original loan amount

$21,700

Est. remaining balance

Not provided

Interest rate

5.3%

Loan type

Stand Alone Second, 15 year

Seller

Pascual Castillo Solis and Oralia H Castillo

Lender

Fieldstone Mortgage Co

Loan start date

October 2005

Original loan amount

$86,800

Est. remaining balance

Not provided

Interest rate

7.9%

Loan type

Fannie Mae/Freddie Mac, 30 year

Seller

Pascual Castillo Solis

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/14/2024 at 4:00 PM

Listing updated: 11/12/2024 at 12:38 PM

Listed by: Erick Harbert, Realty Right Phone #: (713) 589-8808

MLS: Houston #7606512

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